National Bankshares Boosts Toronto-Dominion Bank (TSE:TD) Price Target to C$124.00

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price objective increased by equities research analysts at National Bankshares from C$116.00 to C$124.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 1.65% from the stock’s current price.

A number of other research firms have also issued reports on TD. CIBC increased their target price on Toronto-Dominion Bank from C$112.00 to C$122.00 in a research note on Wednesday, November 19th. Canaccord Genuity Group increased their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Friday. Bank of America lifted their price objective on shares of Toronto-Dominion Bank from C$130.00 to C$132.00 in a research note on Friday. Raymond James Financial set a C$119.00 target price on shares of Toronto-Dominion Bank and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Finally, Scotiabank raised their price target on shares of Toronto-Dominion Bank from C$114.00 to C$125.00 and gave the company a “sector perform” rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$118.14.

Toronto-Dominion Bank Stock Up 1.6%

Shares of TD stock traded up C$1.90 during mid-day trading on Friday, reaching C$121.99. The company’s stock had a trading volume of 2,481,790 shares, compared to its average volume of 7,114,264. The firm has a market capitalization of C$208.26 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company’s 50 day simple moving average is C$113.94 and its 200-day simple moving average is C$105.23. Toronto-Dominion Bank has a 12-month low of C$73.22 and a 12-month high of C$122.24.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings results on Thursday, December 4th. The company reported C$2.18 earnings per share (EPS) for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The firm had revenue of C$16.03 billion during the quarter. As a group, research analysts anticipate that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Insider Transactions at Toronto-Dominion Bank

In other news, Director Nathalie Palladitcheff acquired 1,000 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was purchased at an average cost of C$112.64 per share, with a total value of C$112,640.00. Following the completion of the acquisition, the director directly owned 3,292 shares in the company, valued at C$370,810.88. This represents a 43.63% increase in their ownership of the stock. Also, insider Ajai Bambawale sold 7,328 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of C$112.07, for a total value of C$821,248.96. Following the sale, the insider owned 800 shares in the company, valued at C$89,656. The trade was a 90.16% decrease in their position. In the last 90 days, insiders sold 84,384 shares of company stock worth $9,456,915. Company insiders own 0.08% of the company’s stock.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.